VANCOUVER — Bravo Venture Group (BVG-V, BVGIF-O) has extended silver and gold mineralization in the silver zone of its Homestake property by about 150 metres to the southeast.
In hole 146, Bravo hit 4 metres grading 1,689.6 grams silver per tonne and 10.6 grams gold at about 200 metres below surface.
The intercept was 70 metres southeast and downdip of a 4- metre interval in hole 137 grading 193.5 grams silver and 6.9 grams gold.
The silver zone is about 400 metres southeast of the Homestake main zone, where Bravo has defined an area of primarily gold mineralization.
The intercepts were part of a 34- hole drilling campaign; Bravo is still awaiting results from 20 holes. Bravo drilled 10 holes in the silver zone, 20 in the main zone and four elsewhere on the property.
The bonanza silver in hole 146 caught the attention of investors. On news of the intercept, Bravo shares jumped 6.5¢ to close at 46.5¢. The company has about 119 million shares outstanding.
On the same day that Bravo released the drilling results, it also announced a two-part $7.7-million non-brokered private placement.
The 27-sq.-km Homestake property is 35 km southeast of Stewart, B. C.
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